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The geopolitical and market bogeymen of the moment – Kim Jong Un, Vladimir Putin, tariffs, cyber warfare – are riding tall in the saddle.
That’s sparked something of a “flight to safety,” which ignited a bit of an uptick in demand for Treasuries this …

If targeting political extremes generates the most profit, then that’s what these corporations will pursue.As many of you know, oftwominds.com was falsely labeled propaganda by the propaganda operation known as ProporNot back in 201…

This weekend, I’d like to take a slightly nostalgic trip down Memory Lane, into the dark, swirling menacing pool that was the dawn of the Internet. OK, that sentence didn’t end up quite where I meant it to.

When I started my newsletter business in October of 2000, I decided to have a little fun with it on this new thing called the World Wide Web, aka “the internet.” If you, like me, are of a certain age, you remember well that we started every web address with the ubiquitous www.

WSJ: “Ten Years After the Bear Stearns Bailout, Nobody Thinks It Would Happen Again.” Myriad changes to the financial structure have seemingly safeguarded the financial system from another 2008-style crisis. The big Wall Street financial institutions…

It has been 2 months since I last had a chance to respond to reader comments. This seems like a good time to pause and take the opportunity to do so again. Keep them coming!

Today, since I’m in a contrarian mood, I thought I’d focus on ever-so-kindly replying to people who don’t see eye to eye with me…

I really enjoy these exchanges. They get my creative analytical juices flowing, and force me to consider alternative viewpoints which I may not have done initially.

In fact, the more rebuttals I write, the kinder I feel! Which is why I’ve decided to report a special gold opportunity today (continuing our prickly theme with an investment that is the very definition of contrarian right now).

If indeed this inflation hysteria has passed, its peak was surely late January. Even the stock market liquidations that showed up at that time were classified under that narrative. The economy was so good, it was bad; the Fed would be forced by rapid economic acceleration to speed themselves up before that acceleration got out…

Silver Prices Have Gained 2.6% in the Last Week – and That’s Just the Start

Silver prices are finally on the rise again, after their price weakness appears to have finally ended over the last trading week. Since my Oct. 31 update, when silver reached a bottom of $16.69, the metal has rebounded 2.6%, to $17.12 today (Tuesday, Nov. 7).

The biggest catalyst this week is uncertainty surrounding Saudi Arabia and the kingdom’s arrest of 11 high-profile princes and four ministers. Prince Mohammed bin Salman – the son of King Salman – is widely seen as the power behind his father’s throne. While the government cited efforts to purge corruption as the reason for the arrests, they appear to be Prince Mohammed’s move to consolidate his power.

The news not only pushed oil prices up nearly 3% yesterday (Monday, Nov. 6), but it also gave the silver price a 2.4% boost. That gain outperformed gold’s 1% gain and demonstrated the relative “undervaluation” of silver compared to gold right now.

And as much as gold stocks remain an incredibly undervalued sector, silver stocks are arguably even cheaper relative to silver. To me, that indicates an incredible buying opportunity is forming for silver right now.

Liquidity moves markets!

While we may see day-to-day volatility, I think the price of silver is set for an overall rally through the end of the year. In fact, I predict it could gain as much as 19.8% before the end of December.

Before I dive deeper into my forecast, here’s a recap of the metal’s rebound in the last week…

Silver Prices Climb 2.6% Over the Last Week (Oct. 31 – Nov. 7)

After falling to a three-week low of $16.69 on Tuesday, Oct. 31, the silver price saw a stunning rebound on Wednesday, Nov. 1, after the U.S. Federal Reserve left interest rates unchanged. Despite the U.S. Dollar Index (DXY) rising from 94.55 to 94.81 that day, silver still rallied 2.9% to close the day at $17.18. That was the biggest one-day gain since Aug. 9.

The price of silver pulled back a bit on Thursday as investors focused their attention on the stock market. The Dow Jones climbed 0.3%, which dragged silver 0.2% lower on the day to settle at $17.14. Silver’s losses came amid a small decline in the DXY, dropping from 94.81 to 94.69 over the course of the session.

This chart shows the DXY’s performance over the last week…

On Friday, Nov. 3, silver prices plunged as the DXY closed at its highest level since July 17. The metal opened at $17.07, then kept falling from there to close the day at $16.83. That marked a 1.8% loss for the session.

The silver price kicked off the new week with a rally yesterday (Monday, Nov. 6) as the DXY pulled back from the 95 level to close at 94.75. This – combined with uncertainty surrounding the arrests in Saudi Arabia – urged investors to buy safe-haven metals like silver. By the end of the session, silver prices were up 1% to $17.24 – the highest close since Oct. 19.

Urgent:Executive Editor Bill Patalon just saw something on his precious metals charts he’s only seen twice in 20 years. He calls it the “Halley’s Comet of investing” – and it could lead to windfall profits. Read more…

But the price of silver today (Tuesday, Nov. 7) is retreating from yesterday’s three-week high. It’s currently down 0.7% and trading at $17.11.

Silver’s Oct. 31 settlement at $16.69 was the lowest since Oct. 5, and it looks like it could be a bottom considering last week’s rebound. I think silver prices could keep pushing higher from here, even if they continue to see day-to-day swings.

This is why I think the metal could rebound another 19.8% by the end of 2017…

My Silver Price Forecast for the Rest of the Year

Although silver has been struggling since its Sept. 12 peak at $18.12, the metal has been consolidating and building a base level between $16.25 and $16.75 since August…

There are two positive moves to take note of…

First, the silver price has been creating a series of higher lows since hitting its 2017 low on July 7. Second, yesterday’s close is just above the 50-day and 200-day moving averages of $17.21 and $17.18, respectively. That’s a bullish indicator, and this momentum means the metal could soon make a quick run to $18.

Another area to watch is silver mining stocks, represented by the Global X Silver Miners ETF (NYSE Arca: SIL) in the chart below.

As you can see, silver mining stocks are lagging behind the silver price right now…

Since mid-October, Silver Miners have tumbled 8% and broken down below its rising slope of higher lows since July. Any further weakness could mean a test of last December’s low of $30.84. But volume has dropped off so much that we could already be seeing a bottom for sentiment. Either way, the current price is certainly at a bargain level.

Silver mining stocks outperformed the silver price by a huge 113.3% in the first half of 2016, but the stocks have clearly corrected since then. The bottom in sentiment that I think we’re seeing right now indicates silver stocks could explode higher as we reach the point where there’s no one left to sell.

Once silver gets back above $18, its next targets will be $18.50, $20, and $20.50 by the end of the year. If it hits that last $20.50 target, it would mark a strong gain of 19.8% from today’s price of $17.11.

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Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I am a contractor for Money Map Press, publisher of Money Morning, Sure Money, and other information products. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. In some cases I receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.

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